Greek owner cancels two bulk carriers

The Odense Steel Shipyard in Denmark had their very last container carrier towed out from the shipyard yesterday for sea trial. The construction of this ship and a number of sisters has generated a deficit of DKK 562.3 million in 2008. However, it?s much better than in 2007, when the deficit was DKK 827 million. The turnover fell from DKK 6.6 billion in 2007 to DKK 5.2 billion in 2008.

The future is uncertain for the shipyard as the Greek Carras Group has cancelled two of eight Capesize bulk carriers on order at Odense. “We have been fully compensated for the orders”, explains Finn Buus Nielsen, CEO of Odense Steel Shipyard.